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AEP Charter KCC II LLC Acquires Property In Riverview For $8.2M With Rep Achikam Yogev

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SOLD
$8,199,999

Florida

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School28,998 SF
Sold 08/03/2017
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Property Image
SOLD

AEP Charter KCC II LLC Acquires Property In Riverview For $8.2M With Rep Achikam Yogev

11519 McMullen Rd, Riverview, FL, 33...

See Similar Deals
School28,998 SF
Sold 08/03/2017
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Summary

FLORIDA
Asset Type:School
Price Per Square Foot:$282
Total Square Footage:28,998 SF
Transaction Type:Sale

The transaction involved the sale of the Kid’s Community College Southeast Riverview, located at 11515 and 11519 McMullen Road in Riverview, Florida. The property has a total square footage of 28,998 and was sold for a price of $8,199,999. This sale is part of a broader market activity in Riverview, which is notable for educational properties.

Summary of transaction details:

  • Property Type: Educational Facility
  • Transaction Amount: $8,199,999.00
  • Address: 11519 McMullen Rd, Riverview, FL
  • Market: Riverview
  • Seller's Representative: Achikam Yogev (Colliers International)
  • Buyer: AEP Charter KCC II LLC
  • Square Footage: 28,998

This sale was part of a larger transaction where Colliers International Education Services Group facilitated the transfer of two charter school properties, totaling 134,000 square feet. The overall context of this deal includes the involvement of AEP Charter KCC II LLC and AEP Charter Renaissance LLC, which are affiliated with Charter School Capital based in Portland. The additional property included in this transaction is the 105,002-square-foot Renaissance Charter School at University.

Players

Achikam Yogev
9 deals$393.9M volume
BROKER

Todd Noel
Colliers
5 deals$612.5M volume
BROKER

Details

SOLD
IMAGE: 11519 McMullen Rd, Riverview, FL, 33... MARKET: Riverview SELLER'S REP: Achikam Yogev(Colliers International) BUYER: AEP Charter KCC II LLC SELLER: PRICE: $8,199,999.00 SF: 28998

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$437,333.29

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,132.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.14